Edelweiss Ultra Short Term Fund

 
OVERVIEW

Edelweiss Ultra Short Term Fund is an open-ended income scheme with the investment objective to provide liquidity and optimal returns to the investors by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.


However, there can be no assurance that the investment objective of the Scheme will be realized

 

FUND INFORMATION
  • Fund Facts
  • Asset Allocation
  • Options
  • Load Structure
  • Applicable NAV
  • Fees & Expenses

Name: Edelweiss Ultra Short Term Fund

Scheme Type: An open-ended income scheme

Investment Objective: The investment objective is to provide liquidity and optimal returns to the investors by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.


However, there can be no assurance that the investment objective of the Scheme will be realized.

Benchmark Index: CRISIL Liquid Fund Index.

Fund Manager : Mr. Rahul Dedhia and Mr. Gautam Kaul

Asset Allocation
Asset Class Allocation(% of total assets) Risk Profile
Money market instruments and *Debt Instruments including government securies, corporate debt, securized debt and other debt instruments with maturity/ residual maturity/interest rate resets less than or equal to 1 year or have put opons within a period of 1 year 65 - 100% Low
*Debt instruments including government securies, corporate debt, securized debt and other debt instruments with maturity/ residual maturity/interest rate resets greater than 1 year 0 - 35% Low to Medium

*Debt Instruments include securitised debt. Securitised debt can be up to 50% of the net assets. Investment in Derivatives – Gross exposure up to 50% of the net assets of the Scheme. The weighted average maturity of the Scheme shall be between 91 days & 1 year

Plans / Options / Facilities:

The Scheme has two plans: Super Institutional Plan and Direct Plan.

Each plan offers:


1. Growth Option 2. Dividend Reinvestment 3. Dividend Payout 4. Daily, Weekly, Fortnightly, Monthly & Annual Dividend Reinvestment, 5. Weekly, Fortnightly, Monthly & Annual Dividend Payout


Growth: Under the growth option no dividend will be declared.


Dividend: Under the dividend option, a dividend may be declared by the Trustee, at its discretion, from time to time (subject to the availability of distributable surplus as calculated in accordance with the Regulations).

Minimum Subscription / Redemption amount:

Minimum initial application amount Minimum additional application amount Minimum redemption amount / no. of Units Minimum SIP amount / no. of Installments
₹ 5,000/- per application and in multiples of ₹ 1/- thereafter. ₹ 1000/- per application and in multiples of ₹ 1/- thereafter. ₹ 1,000/- or 1 Unit ₹ 1,000/- and 6 Installments
Load Structure

Entry Load: Nil

Exit Load: Nil

Applicable NAV

The Cut-off time for the Scheme is 3.00 p.m. , and the Applicable NAV will be as under:

Purchase

  • Where the application is received upto 3.00 pm with a local cheque or demand draft payable at par at the place where it is received, with amount less than Rs. 2 lakhs – closing NAV of the day of receipt of application;
  • Where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received, with amount less than Rs.2 lakhs – closing NAV of the next Business Day;
  • Where the application is received with a local cheque or demand draft payable at par at the place where it is received, with amount equal to or more than Rs. 2 lakhs irrespective of the time of receipt of application, the closing NAV of the day on which the funds are available for utilisation shall be applicable.

Applicability of NAV for the Scheme with an amount equal to or more than Rs. 2 lakhs:
a) For allotment of units in respect of purchase in the Scheme, the following needs to be complied with:

  • Application is received before the applicable cut-off time.
  • Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective Scheme before the cut off time.
  • The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective Scheme.

b) For allotment of units in respect of switch-in to the Scheme from other schemes, the following needs to be complied with:

  • Application for switch-in is received before the applicable cut-off time.
  • Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in Scheme before the cut-off time.
  • The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective switch-in Scheme or Plans or options thereunder.

The above will be applicable only for cheques / demand drafts / payment instruments payable locally in the city in which a Designated Collection Center is located. No outstation cheques will be accepted.

Note: For the avoidance of doubt, where applications are received for an amount of less than Rs. 2 Lakhs (Two Lakh Rupees) on a non-Business Day the closing NAV of the next Business Day shall be applicable.

For Redemption

  • Where the application is received upto 3.00 p.m. - the closing NAV of the day immediately preceding the next Business Day ; and
  • Where the application is received after 3.00 p.m. - the closing NAV of the next Business Day. Note: In case the application is received on a Non-Business Day, it will be considered as if received on the Next Business Day.

For Switches: Valid applications for ‘Switch-out’ shall be treated as applications for Redemption and valid applications for ‘Switch-in’ shall be treated as applications for Purchase, and the provisions of the Cut-off time, Business Day and the Applicable NAV mentioned in the relevant SID as applicable to Purchase and Redemption shall be applied to the ‘Switch-in’ and ‘Switch-out’ applications, respectively.

Fees & Expenses

As per the SEBI Regulations, the maximum recurring expenses including the investment management and advisory fee that can be charged to the scheme shall be subject to a percentage limit of daily net assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribed ceiling will be borne by AMC.

First Rs. 100 Crores Next Rs. 300 Crores Next Rs. 300 Crores Over Rs. 700 Crores
2.25% 2.00% 1.75% 1.50%
Actual Current Recurring Expenses
 

This product is suitable for investors who are seeking*:
Riskometer
  • Optimal returns over short term.
  • Investments primarily in a mix of short term debt and money market instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at Moderately Low risk.
 
 
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